Firstmac completes $1.3bn RMBS raising (Australian Broker)

Non-bank lender Firstmac Limited has announced its completion of a $1.3 billion RMBS raising, with over $2 billion in orders.

In a statement, Firstmac said that the issue was oversubscribed “from an early stage” and was supported by 31 institutions.

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27 Oct 2019

Josh Frydenberg borrows from non-bank lender for Hawthorn home (Herald Sun)

Josh Frydenberg has taken his own advice and borrowed from a non-bank lender instead of one of the big four banks when getting a loan for his Hawthorn family pad.
 
Business to non-bank lenders has rocketed since last year’s bank Royal Commission as Aussies take their business elsewhere.

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